This Christmas, the cryptocurrency market has witnessed a special miracle with Bitcoin (BTC). Near the Christmas holiday, $BTC experienced a strong surge above 100k, surprising and exciting many investors.
Bitcoin, from a price of 94K USD, skyrocketed to 99K USD within a day, creating a massive green candle on the chart. This is a sign of BTC's strong recovery after a period of adjustment. Analysts believe that this price surge could be the result of 'whales' (those holding large amounts of BTC) starting to buy in heavily, along with the market's optimistic sentiment during the holiday season.
However, some experts warn that after this surge, BTC may experience a slight adjustment back to 80K USD before continuing its growth cycle. This serves as a reminder for investors to be cautious and not let emotions dictate their trading decisions!!